Reason for entry: broke out of the supply zone and is under moving average Any patterns?: None Divergance?: No Risk/reward ratio: 2.32 Potential profit: 92% Indicators: CCI, RSI, MACD all confirm bearish move Multiple time frame support (1W, 1D, 4H): All time frames confirm bias Moving Average: below moving average Upcoming news announcements: US elections today How confident are you with your position?: I'm pretty confident it will hit my target. How do you feel in general?: Very eager to trade, might have been a good idea to wait after the election but since it's paper trading, let's wait and see.
Trade closed: stop reached
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Result: Stop reached by a sudden rise to the up side. Lesson learned: don't trade when there is big news coming out like election results as the market is too uncertain and volatile. Better to stay away until the dust settles.